In this article we answer some well-constructed questions on the issue of reduced and zero-rated VAT on building projects. If you are involved in the construction industry, deliver trades and services or are planning a new building project you will know just how complex the issue of VAT and zero-rating can be. This article poses...

UK businesses trading with the EU will need a UK EORI number to continue trading in the event that Britain exits the EU without a deal. Kenny Logan outlines what is involved in this no cost application. With only two months until the UK’s scheduled departure from the EU, it is still tough for most...

As a retailer, it is very likely that you will on occasion run special offers and promotions to boost sales, but what do you need to consider in order to avoid unexpected VAT consequences? JRW’s Bob Johnstone provides you with some good advice. Correct amount Normally VAT is due on the price charged if that...

Making Tax Digital is without doubt the most significant change to the UK tax system in a generation and businesses really do need to take action now. We look at the implications and provide a valuable checklist for the transition across to the new system. The new digital method of tax collection and administration known...

VAT rules for cars used in your business are notoriously strict but for some types of motor running expenses, they are surprisingly generous. John Craig explains what are they and how can you take maximum advantage of them? Except in the rare situation that you can prove to HMRC that a car is used 100%...

You are buying new IT equipment, mainly for use at home, but occasionally it will be used for work. Can you reclaim the VAT on the cost of the equipment and is there any advantage in doing so? VAT expert John Craig takes a closer look. ‘Putting it through the business’ is the old chestnut...

Last month, the Office of Tax Simplification (OTS) published its long overdue report on modernising the VAT system. The report suggests that significantly reducing the VAT threshold could bring in an additional £1.5 billion revenue each year but this might this lead to an unexpected and nasty surprise for smaller businesses as John Craig explains...

You want to provide your staff with uniforms in keeping with your firm’s corporate image and buy clothing that is suitable to be worn at work, but what is the position regarding claiming the VAT back, and what happens if you give the clothing to your staff? Bob Johnstone investigates. The fact that employees can...

Whenever the Brexit vote result in the UK leaving the EU, it has already caused the pound to slide against other currencies. But if you decide to sell foreign assets to take advantage of this, how will your tax position be affected? Alan Simpson takes a closer look. Foreign assets advantage The recent devaluation of the pound...

If you have limited space (and privacy) in your home for an office or workspace, then you might be one a growing group of people who are considering creating an outbuilding in the garden. Bob Johnstone takes a look at the pros and cons of building an office in your garden and what sort of tax...